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TECHS:(H9) Pullback From Highs *RES 4:.........>

BTPS
BTPS: TECHS:(H9) Pullback From Highs
*RES 4: 132.88 High May 28 
*RES 3: 131.45 61.8% retracement of May-Oct decline 
*RES 2: 130.28 High June 4 
*RES 1: 130.06 High Mar 7 
*PREVIOUS CLOSE: 129.35 
*SUP 1: 129.05/128.97 Mar 6 hourly high/Feb 26 high  
*SUP 2: 127.77/71 Low Mar 4/50-dma 
*SUP 3: 126.98/83 38.2% retracement 125.23-129.81/Low Feb 13 
*SUP 4: 126.41/38/31 High Feb 8/Low Feb 12/23.6% retracement 125.23-129.81 
BTPs futures pulled back from Wednesday's high yesterday bringing the 129 area
back into play which marks the initial level of support from the Mar 6 hourly
high and the Feb 26 high. A break back below here is needed to open the Mar 4
low and the 50-dma at 127.77/71, below which shifts the outlook negative. Bulls
look for a recovery over Wednesday's high at 130.06 to reignite upside momentum
and target the June 4 high at 130.28. 

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